Disney said today in announcing the film that it is set in a suburban fantasy world and centers on two teenage elf brothers who embark on a quest to discover if there is still a little magic left out there.

"At Pixar we try to create stories that come from some kind of personal truth," Scanlon said. "This film was inspired by my own relationship with my brother."

Dan Scanlon is directing the pic, which is set to hit theaters on March 6, 2020.